Proceeding contribution from Lord Bates (Conservative) in the House of Lords on Monday, 8 June 2009. It occurred during Debate on bill on Business Rate Supplements Bill.
Business Rate Supplements Bill
My Lords, I support the amendment. It concerns reliefs, which can apply widely. They can apply to sports clubs and other such organisations. However, the noble Baroness is seeking clarification regarding empty property rates. This issue is a sore point for business. The concept of empty property rates was introduced when businesses and the economy were doing well but has been implemented when businesses are doing badly. The idea was originally conceived to dissuade property owners from sitting on properties that should be redeveloped. Now many businesses and landlords are certainly not sitting on properties waiting to be redeveloped as their tenants are going out of business at an alarming rate. As a result, business premises are empty when their owners would wish for anything other than that, and they still have to pay this iniquitous tax of empty property rates. We will listen carefully to the Minister’s response on how he will deal with reliefs.
Secondary information
- Type
- Proceeding contribution
- Reference
- 711 c512
- Session
- 2008-09
- Chamber / Committee
- House of Lords chamber
- Subjects
- Companies Costs Business Elizabeth line Finance Liability Donors Greater London Infrastructure Empty property Local government Local government finance Public transport Rates and rating Property Business rates Wales Tax allowances Valuation Taxation Business improvement districts Community infrastructure levy
- Legislation
- Business Rate Supplements Bill 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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